Trading Updates

In 1943, A.H. Maslow said that “it is quite true that man lives by bread alone – when there is no bread.” Such a simple statement, and yet so incredibly true. As human beings, our most basic need is our need for food. Without it, we will face starvation and ultimately perish. And it is […]

Whenever I think of a diamond miner, the image of a typical Wild West film always comes to mind. I see a miner with a large sieve scooping up rocks from a river and searching through them meticulously to find the ultimate reward, a diamond. In my Finweek article titled “Build your portfolio like a […]

The JSE Mid Cap Index (i.e. the next 60 companies after the top 40 large cap shares) gained 1.9% on Monday as it moved above its 50- day moving average again. The index is still trading above its 200- day moving average and the long term trend remains bullish. The two technical indicators are giving […]

Listed property shares were the best performing local asset class over the past decade. With the tone around the BREXIT referendum (being held this Thursday) seemingly shifting more towards the REMAIN camp. Has market sentiment turned bullish for offshore listed property shares? The share prices of Capco (CCO), Intuplc (ITU) and NEPI (NEP) gained 4….2%, […]

The JSE ALSI 40 Index edged 0.19% higher on Friday, having recently bouncing off a key long term support trend line. The benchmark index price is still trading below its 50- day moving average but is still trading above the 200- day moving average and the long term trend remains bullish. The two technical indicators […]

The share price of platinum producer Implats gained 2.62% on Friday and looks set to break out above a resistance trend line, which forms part of a symmetrical triangle. We expect the share price to move higher and retest the upper resistance level of a narrow sideways channel before possibly moving even higher. The price […]

Novus Holdings (previously Paarl Media Group) is one of the leading printing and manufacturing groups in Africa and offers printing and tissue manufacturing services in an extensive range of formats, substrates, finishes and value added services. Novus released their results for the year ended 31 March 2016: *Revenue declined by 2% from R4.26 bill to […]

The JSE Gold Mining Index gained 3.36% on Wednesday but remains within a narrow short term up channel, while still trading within a wider trading range in the medium term. The long term trend remains bullish as it is still trading above both its 50- and 200-day moving averages. The stochastic and RSI indicators are […]

The share price of retail group Woolies slipped 0.83% lower on Wednesday and looks set to break below a key support level and retest the 61.8% Fibonacci retracement level. The share price is still trading far below the 50- and 200- day moving averages and the long term trend remains bearish. Both stochastic and RSI […]

I will never forget how revolutionary Pantene 2-in-1 shampoo (shortly followed by the well-known Dimension 2-in-1 shampoo) became in the late eighties. Before then, you were forced to purchase shampoo and conditioner in separate containers if you needed those products. The invention of 2-in-1 shampoo wasn’t only a matter of convenience for consumers who could […]

The JSE FINDI 30 Index dropped 0.51% lower on Tuesday to close above both its 50- and 200-day moving averages and the long term trend remains bullish. The two technical indicators are giving mixed signals with the stochastic indicator trading in overbought territory, while the RSI indicator seems to be turning upwards again. We expect […]

The share price of leading cement supplier PPC slipped 2.58% lower on Tuesday, having recently reached a 13-year low after announcing a proposed capital raise, a possible ratings downgrade and a cautionary announcement. The long term trend remains bearish as the share price is still trading far below its 50- and 200- day moving averages. […]

The benchmark JSE ALSI 40 Index lost 0.54% on Monday to close just above the previous resistance level, which will now act as a support level. The index price is still trading far above both its 50- and 200-day moving averages and the long term trend remains bullish. The stochastic and RSI indicators, however, are […]

Today we put a trade spotlight on ARM as it has recently tested both the long term inverted 23.6% Fibonacci retracement and the 50% Fibonacci retracement levels. The share price of ARM surged 6.46% higher on Monday and is now testing the upper resistance trend line of a narrow down channel. We expect the share […]

The JSE Banks Index slipped 0.95% lower on Friday to close just above the 50 day moving average but below the 200 day moving average. The long term trend remains bearish, while the medium term trend is neutral as it is moving sideways within a trading range. Both the stochastic and RSI indicators, however, are […]

The share prices of “Big Four banks,” namely Barclays Africa, Firstrand, Nedbank and Stanbank all closed lower on Friday, a week before we learn our fate with regards to South Africa’s sovereign credit rating. Many analysts believe that South Africa is highly likely to receive a credit downgrade to junk status this year from rating […]

The JSE ALSI 40 Index gained 1.07% yesterday to move further away from the 50 day moving average. The medium term trend is still neutral as the benchmark index price is moving sideways but the long term trend remains bullish as the index price is still trading far above the 200 day moving average. Both […]

The share price of MTN Group added 0.16% on Tuesday and remains above a key support level. The share price, however, is still trading just below both the 50 and 200 day moving averages and the long term trend remains bearish. Both the stochastic and RIS indicators are trading close to oversold levels to suggest […]

The JSE FINDI 15 Index gained 1.53% on Wednesday to close further away from a recent down channel. The index price is trading just below the 50 day moving average but above the 200 day moving average and the long term trend remains bullish. The stochastic and RSI indicators are still moving higher and confirm […]

The share price of A E C I gained 2.14% on Wednesday but remains within a narrow down channel, while also testing a key long term support/resistance at the 8800c level. The share price is still trading just below both the 50 and 200 day moving averages and the long term trend remains bearish. Both […]